Debt information
The Group’s finance policy comprises a framework of guidelines and principles governing the management of financial risks and finance operations in general. The Group’s financial risk management is centralized to capitalize on economies of scale and synergy effects, and to minimize operational risks.
Key figures 2020
Net debt/EBITA: 1.9
Average interest maturity: 3.7 years
Fixed loans: 97.1%
Floating loans: 2.9%
Debt sources of financing
Swedish Match policy is that the average interest maturity should be less than 5 years. The Group´s objective for interest rate fixing is to achieve an even and low cost of interest.
Maturity profile of interest bearing liabilities
| Fixed | Float | |
|---|---|---|
| 2022 | 944 | 0 |
| 2023 | 1,686 | 250 |
| 2024 | 2,859 | 0 |
| 2025 | 2,971 | 0 |
| 2026 | 1,998 | 0 |
| 2027 | 3,173 | 0 |
| 2028 | 328 | 0 |
| 2029 | 300 | 0 |
As of September 30, 2021
Swedish Match has had a long-term rating from Standard & Poor's since 1997 and Moody's Investor Service since 1999.
Swedish Match current ratings
| Standard & Poor's | Moody's | |
|---|---|---|
| Short-term rating: | A-2 | |
| Long-term rating: | BBB | Baa2 |
| Outlook: | Stable | Stable |
